When choosing a top 10 forex trading platforms it’s important to consider the fees that will be charged when you trade. These can include commissions, spreads and swaps. It’s also worth looking for a broker that offers a negative balance protection policy as this can help protect your account in the event of a large loss.
Most forex brokers offer their own proprietary trading platforms in web and mobile versions. However, some have chosen to partner with third-party tools which offer a number of additional features. These can include AutoChartist, Trading Central and a range of customized MetaTrader 4 and MetaTrader 5 broker plugins.
Top 10 Forex Trading Platforms in the UK
Another option for traders is a standalone platform developed by an independent software developer. These usually do not allow direct trading but instead provide a number of extra tools for analysis. This includes a number of different chart types, advanced indicators and an extensive social trading community.
One example is TradingView which describes itself as a supercharged charting platform and social network for traders. It has a growing user base and provides a range of free charts as well as tools for analysis. Other examples of standalone platforms are ZuluTrade and cTrader.
IG is another example of a forex-focused broker that offers its own proprietary ProRealTime platform as well as MetaTrader 4 and 5 apps. It’s available to US-based traders and also allows CFD trading across a wide range of assets including stocks, indices, commodities and cryptocurrencies.